With the growing popularity of sports betting in Nigeria, there is a noticeable tendency to use the US dollar as the choice of currency. In this article, we’ll peek into the world of dollar betting sites in Nigeria and how they’ve subverted the country’s divergent gambling space.
What You Need to Know About Nigerian Dollar Bookmakers?
Owing to the stability and global acceptance of USD, more people have come out to use it as a betting currency, leading to a rise in dollar betting sites in Nigeria.
Dollar bookmakers have been operating in Nigeria since the early 2000s, when betting on sports through online platforms and websites was growing. However, with time, significant growth in dollar betting sites has been witnessed in the country following the outcomes of the TGM Sports Betting Survey in October 2022. The findings of this survey showed that over half of the Nigerian population, or 51.73%, participated in sports betting during the past 12 months. As such, this increased rate of sports betting participation has spurred the development of betting platforms in Nigeria that are pegged to the US dollar.
Is USD Safe & Secure for Betting?
Betting using US dollars in Nigeria is usually considered safe and reliable. Many international betting sites, which are highly well-reputed with stellar ratings and large trading turnovers, also allow betting in USD. Usually, these dollar betting platforms use advanced encryption techniques such as SSL to safeguard transactions and guarantee user privacy.
Moreover, regulatory bodies such as The National Lottery Regulatory Commission also monitor and license most of these betting websites, providing an additional layer of safety. The betters should choose among the reputed and state-licensed bookmakers to guarantee security when staking with USD in Nigeria.
How to Deposit with USD?
Here's a brief guide on depositing with USD on foreign betting sites that accept Nigeria and fund your account.
Choose a Reputable Betting Site
step 1
First, cross-check the list of Nigerian gambling websites that accept USD deposits. Make sure it has special bonuses, the broadest range of events, and high odds to have the best betting experience
Register an Account with the Bookmaker
step 2
After you've found a sportsbook that favors USD, scroll to the "Create Account" section and register your account. Then, input all required details and wait for your account to be validated. Once done, you can move to the "Deposit Money/Link a Payment Source" option.
Deposit Funds Securely
step 3
Choose a trustworthy electronic payment mode that processes funds in USD, such as an international bank card, and transfer money from your bank card or e-wallet to your betting account at your selected bookmaker.
Start Placing Bets
step 4
As your betting account is sufficiently funded, you can take advantage of putting wagers in action. Bet on game outcomes that you think may have positive results using the betting odds available in your chosen sportsbook.
Top 3 foreign dollar betting sites that accept Nigeria
Below, we have provided you with a list of international betting sites in Nigeria that deliver distinctive features and offers, regardless of whether you are an experienced punter or new to betting.
#1 1xBet
If you’re looking for a great betting platform, 1xBet is among the very top 10 international betting sites in Nigeria that enables dollar betting. It has been functioning under Beaufortbet Nigeria Limited and is licensed by The National Lottery Regulatory Commission. In the betting industry, 1xBet Nigeria is renowned for its stellar 30+ sports categories and diverse bonus offers. You can get a Welcome and First Deposit Bonus to maximize your winning potential.
Besides, 1xBet offers competitive odds in different markets and has tie-ups with some of the biggest names in sports, such as EPL Football, Champion's League, NFL Basketball, and Africa Cup of Nations. It allows Nigerians to bet on national events and bigger global tournaments to earn big. The most popular betting markets are Match Result (1X2), Both Teams to Score, Total Goals (O/U), and Asian Handicap.
With a strong reputation for reliability, Megapari has expanded its dollar betting services to Nigerian punters through an optimized mobile app. It is built on the top-notch BetB2B platform and provides robust customer support through email and live chat.
Besides, this dollar betting site facilitates lucrative bonuses and promotional offers, including weekly free bets and a VIP/Loyalty Program. The VIP program is available in the form of a Cashback designed exclusively for dedicated players. This initiative provides cash refunds based on gaming consistency and encompasses eight levels, each represented by distinct tiers, including copper, bronze, silver, gold, ruby, sapphire, diamond, and VIP.
With abundant payment options, 20Bet is one of Nigeria's top international betting sites. Whether you want to make your transactions through credit cards, debit cards, e-wallets, or crypto, this bookmaker has every option available for Nigerian bettors. It even provides new account creators with a 100% Match Deposit Bonus.
20Bet has a pre-match category, where an impressive overall payout exceeding 94% awaits, encompassing various sports, spanning from football and basketball to motorsports and Pesäpallo. Besides, over 200 alternative betting options are available to cater to diverse player preferences, including Asian Handicaps, Cards, and Corners.
Follow these steps to withdraw your earnings on dollar betting sites in Nigeria with USD.
Log in to your betting account and navigate to your “Profile Dashboard.”
Within your profile, find the "Withdrawal" section and click on it to initiate the withdrawal process.
Enter the desired withdrawal amount, ensuring it falls within the sportsbook's withdrawal limits and complies with the associated terms and conditions.
Select your preferred withdrawal method, whether it's a bank transfer, credit card, etc., and provide the necessary details that will be required to complete the transaction.
Before finalizing the transaction, carefully review all the details to ensure accuracy. Once you check the information is correct, proceed with the withdrawal request. The number of days needed to process a withdrawal with USD varies depending on the mode of transaction, but it is usually done in 2-5 business days.
How do We Test and review USD Betting Sites?
Our approach to testing and reviewing USD betting sites in Nigeria is thorough and meticulous. Here are some key criteria we consider during our assessment.
1
Licensing and Regulation
We verify that each betting site holds a valid license from a standardized regulatory authority, such as The National Lottery Regulatory Commission, ensuring they operate within legal boundaries.
2
Payment Options
Security and convenience are imperative to determining the ease and reliability of the payment methods available on USD betting sites.
3
Bonuses and Promotions
It involves evaluating how much the dollar betting sites are willing to offer through bonuses and promotions.
4
Security Measures
We review processes such as end-to-end encryption and two-step authentication to verify that the betting sites in Nigeria are efficient in safeguarding user information and financial transactions.
No, converting Naira to USD while placing bets is unnecessary. Most dollar bookmakers in Nigeria allow both currencies. Therefore, you can bet in Naira or USD without conversion.
The transaction fees for converting currencies and charges for international payments may have added charges on some platforms. Therefore, always verify the terms of service concerning this fact.
Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.
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